The EURCAD cross is now testing a major uptrend line. If this support fails to hold, we could see a steeper decline. Fundamentally, the euro might continue lower due to weak data and dovish ECB.
Thus, we would like to short this cross on a breakdown below the previous lows and trend line.
Thus, we would like to short this cross on a breakdown below the previous lows and trend line.
Trade closed: target reached:
Trade closed for profit. 2.25 RRR